You may or may not agree with this assessment, but we all know that SAHM are unpaid for their time and commitment to their families, and rely on the incomes and financial resources of their loved ones.

Living on a single income can be harrowing as it is almost like putting all your eggs in one basket i.e. your husband. Without any income of their own, how can SAHMs plan for retirement at all?

But Who Is Speaking Up For Stay-At-Home-Mums?

One person who has been constantly raising up the issues that SAHMs face is NTUC Assistant Secretary-General Patrick Tay.

In 2014, he highlighted in a Parliament speech on how there is a lack of societal and governmental understanding of the critical role SAHMs play in supporting the family.

He urged the government to give targeted support to SAHMs by:

giving maternity leave for those expecting their second child or more

transport subsidies as SAHMs have to bring their children along while running errands

extending tax reliefs and rebates to SAHMs

help SAHMs plan for retirement by topping up their Medisave and Special Accounts

having work re-entry programmes for SAHMs with older children to return to the workforce

Are There Targeted Measures To Help Stay-At-Home Mums with Retirement?

The latest amendments to the Child Develop Co-Savings Act (CDCA) announced on 10 November 2016 included more help to unwed mums, working fathers and adoptive parents.

However, there still aren’t any specific government measures targeted at helping SAHMs.

If SAHMs choose to go back to work, Mr Tay suggests the government could consider creating a SAHM “Returnship Programme” spanning 4 to 6 months to facilitate the matching of women jobseekers and employers.

A SAHM will be given guidance and training to update her skills, better understand the job and ascertain her suitability for the position.

If she successfully completes the Returnship Programme she can embark on the existing Professional Conversion Programme for further training to make the career switch.

2. CPF Top Ups

Currently, husbands (or children) who top up the CPF accounts of SAHMs can get CPF Cash Top Up Relief. Mr Tay is asking if the government can also regularly top up the CPF accounts of SAHMs directly.

3. Support for SAHMs who engage in part-time, temporary or freelance jobs

There are some SAHMs who work part-time, temporary or freelance jobs to earn some money to get by, but who lose out on Workfare scheme as they are younger than 35 years old, or their husbands earn higher than $70,000 assessable income.

Mr Tay asked if these SAHMs would be entitled to cash supplement, CPF contributions and training grant too, to encourage SAHMs to stay in connection with the job market and keep their skills updated to that they can easily transit back to workforce in future.

How Can SAHMs Plan For Retirement?

Find a job which allows you the flexibility of working from home, so that you can earn your own income. You can find resources on flexi-work here and here.